Data: The financing amount in the cryptocurrency market in November reached 1.2 billion USD, setting a new high in nearly a year

According to ChainCatcher news, data from the crypto asset platform RootData shows that in November 2023, the crypto industry disclosed a total of 92 financing rounds, with a cumulative financing amount of approximately $1.2 billion. This is the highest financing amount in nearly a year, up 189% compared to October ($430 million).

The project with the highest financing amount in November was the mining company Phoenix Group, which completed a $370 million IPO financing. This was followed by Wormhole, which completed $225 million in financing at a valuation of $2.5 billion, and Blockchain.com, which completed $110 million in Series E financing at a valuation of $7 billion.

The institution with the highest frequency of investments in November was Foresight Ventures, which invested in 6 projects. Andreessen Horowitz, Spartan Group, HashKey Capital, and Shima Capital each participated in 4 projects this month.